Business closures spiked 38.4% year-on-year from June to July, with higher figures anticipated in the second half attributed to the economic downturn amid the pandemic crisis, says a research house. For the first 18 days of August, the ratio of business closures increased by 37.9% year-on-year, according to the Economic Intelligence Centre (EIC), a research […]
Read MoreThe government should aim high in the domestic tourism market by targeting at least 200 million trips next year if Thailand wants to extend a lifeline to the industry, says the Association of Domestic Travel (ADT). “It’s useless if the government doesn’t set an ambitious goal, as we already witnessed soft domestic demand and insufficient […]
Read MoreThe government will this week consider measures to increase the purchasing power of low-income groups and support small businesses. Lavaron Sansnit, the director-general of the Fiscal Policy Office, said on Sunday that the Finance Ministry would urge the government’s centre for economic situation administration to approve the latest stimulus measures on Wednesday or Thursday. Earlier, […]
Read MoreThe pandemic has accentuated the imbalance in the oversupply of hotels and low demand, with most operators struggling to break even, according to the Thai Hotels Association (THA). About 1 million hotel staff were laid off and demand for labour in the sector shrank by 75% because half the hotels nationwide remain closed, according to […]
Read MoreThailand’s cross-border trade fell 8.5% year-on-year in the first seven months, largely due to the closure of border checkpoints to prevent the spread of the coronavirus and the slowing economies of neighbouring countries. The Foreign Trade Department reported that overall cross-border trade, including transit trade, totalled 741 billion baht for January to July, with Malaysia […]
Read MoreThe revised loan-to-value (LTV) regulations will remain in place to curb risks accumulating in the property sector, says the Bank of Thailand. The central bank has continuously monitored and assessed the property sector since the revised LTV rules took effect in April 2019, said Nawaron Dejsuvan, assistant governor of the financial institutions policy group. The […]
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